Washington Data Center Leasing Hits Record Levels as AI Demand Surges

Washington Data Center Leasing Hits Record Levels as AI Demand Surges
Washington Data Center Leasing Hits Record Levels as AI Demand Surges

### Washington Data Center Leasing Reaches New High Amid AI Growth

The rapid expansion of artificial intelligence is fueling increased demand for data centers in Washington State, according to CBRE’s latest North American Data Center Trend Report. Seattle ranked 12th in net absorption, reaching 11.1 megawatts (MW) in 2024, up from 10.6 MW in 2023.

Tenants and owners are drawn to Washington’s tax incentives, sustainable energy sources, and colocation capabilities. Central Washington recorded the lowest data center vacancy rate in North America, at just 0.16% in the second half of 2024.

“Washington state’s data center tax exemptions and reliable hydropower have provided some of North America’s lowest total cost of occupancy (TOC) solutions for data center operators and users,” said Jane Blair, senior vice president with CBRE Data Center Solutions in Seattle.

Among recent developments, CyrusOne has completed its Quincy data center project in Central Washington. Meanwhile, in Seattle, Sabey has announced plans to expand its SDC Building 4 and is preparing to construct an additional data center facility on its campus.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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